Tanalys

GBP/JPY Intraday: break of a ST rising trendline support.

Pivot: 169.1

Our preference: Short positions below 169.1 with targets @ 168.5 168.1 in extension.

Alternative scenario: Above 169.1 look for further upside with 169.7 170 as targets.

Comment: the break below 169.1 is a negative signal that has opened a path to 168.5.

Supports and resistances:

170

169.7

169.1

168.75 Last

168.5

168.1

167.7

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